Playgon Games to Canvass Voluntary Lockup with Key Shareholders
Vancouver, B.C. – TheNewswire - December 03 2020 – Playgon Games Inc. (TSXV:DEAL) / (OTC:PLGNF) / (Frankfurt:7CR) (“Playgon” or the “Company”) is pleased to update its shareholders and the investment community on the very positive feedback it has received.
Over the past several weeks Playgon has been introducing its proprietary Live Dealer and E-Table gaming platform and business growth strategy to the investment community, including institutional investors. Based on the feedback it has received, the Company is canvassing insiders and certain other shareholders for an expression of interest into entering into a voluntary lock-up agreement of shares and warrants in Playgon.
Pursuant to such agreement, if and when successful, the locked-up shares and warrants would be subject to a contractual resale restriction whereby the shares and warrants would not be eligible for trading, subject to customary exceptions, prior to May 1, 2021. The Company anticipates upon concluding the lock-up agreement that in excess of 65,000,000 shares and warrants, would be subject to trading restrictions.
About Playgon Games Inc.
Playgon Games Inc. (TSXV: DEAL / OTCQB: PLGNF / FSE: 7CR) is a technology company focused on developing and licensing digital content for the growing iGaming market. The Company provides a multi-tenant gateway that allows online operators the ability to offer their customers innovative iGaming software solutions. Its current software platform includes Live Dealer Casino, E-Table games and Daily Fantasy Sports which through a seamless integration at the operator level allows customer access without having to share or compromise any sensitive customer data. As a true business to business digital content provider, the Company products are ideal turn-key solutions for online casinos, sportsbook operators, land-based operators, media groups, and big database companies.
For further information, please visit the Company's website at www.playgon.com.
Mike Marrandino, Director
Tel: (604) 722-5225
This release contains forward-looking statements. Forward-looking statements, without limitation, may contain the words believes, expects, anticipates, estimates, intends, plans, or similar expressions. Forward-looking statements are not guaranteeing of future performance. They involve risks, uncertainties and assumptions and actual results could differ materially from those anticipated. Forward looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except for historical facts, the statements in this news release, as well as oral statements or other written statements made or to be made by Playgon, are forward-looking and involve risks and uncertainties. In the context of any forward-looking information please refer to risk factors detailed in, as well as other information contained in the Company's audited financial statements for the year ended December 31, 2019 and Management Discussion and Analysis for the year ended December 31, 2020 and other filings with Canadian securities regulators (www.sedar.com).
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.